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Portsmouth EDA convenes closed session to discuss strategic property acquisitions and small business finance
Summary
The EDA voted 6‑0 to enter a closed meeting under Virginia Code exemptions to discuss strategic acquisition and disposition of several properties and matters related to the small business finance program; the board certified on the record after the closed meeting that only items identified in the motion were discussed.
The Portsmouth Economic Development Authority voted unanimously on March 18 to move into a closed meeting under the Virginia Freedom of Information Act exemptions for real‑property negotiations and investment of public funds.
The motion identified the topics to be discussed as the strategic acquisition and disposition of 1220 High Street, 8 Crawford Parkway, 2 Crawford Parkway, 2 Harbor Court and 3 Harbor Court, and matters related to the small business finance program. The motion invoked Virginia Code §2.2‑3711(A)(3) and §2.2‑3711(A)(6) as the basis for the closed session.
After returning to open session, the board certified on the record that, to the best of the commissioner’s knowledge, only those matters exempted and identified in the motion were discussed. The certification was approved by roll call, 6‑0.
No further substantive details from the closed meeting were disclosed on the public record.
